Interesting combination, doncha think? Howzat all gonna show up by next spring?
People have been slowed, isolated and/or locked down for well over a year and not-so-much because of official mandates from the authorities – people just kinda shut down on their own. Even the anti-vaxxer, disease-flaunting, deniers of authority and logic have been somewhat shutdown simply because so many others are. And every time they open another restaurant, school, a stadium or a motorcycle rally town, the numbers just climb higher.
The USA has suffered over 600,000 deaths since Covid arrived and still adds over 120,000 new cases every day. Canada has had almost 28,000 deaths in total and gets 5000 new cases every day. And the governments continue to relax restrictions! That is unnerving, to say the least, and portends a bleak winter by simply projecting the numbers.
But what does it really mean? What happens when the world runs on fewer cylinders? It would seem that food and energy imports are amongst the first to feel the increased demand when supply chains are already reduced and labour is mostly AWOL. So, those prices go up and those inventories are strained. Example: (two weeks ago) my daughter and wife went to the neighbouring island, split a sandwich and had a milkshake each, before coming home. The bill was $30.00. Earlier in that day, my daughter sat at a coffee shop and had a toasted bagel and a Chai tea. The bill was $20.00.
Covid is going to get more expensive.
And fewer children are attending schools. More children at home means more parents at home. More unemployed. More debt. More handouts. And that means less GDP. So currencies will likely drop in value as does the country’s economy.
The above two paragraphs suggest stagflation – reduced growth or even shrinkage of the economic output while prices are still going up on the fewer and fewer who can afford them.
Mind you, real estate is still going up in value. New cars cost more. So, it is not all linear, predictable or logical. In fact, it is kinda crazy, if you ask me.
If you dig a smidge deeper, nurses and doctors are fading. Some are quitting or restricting their output and still others are going on ‘leave’. The healthcare line of defense is weakening. Already normal operations and other pressing health issues are being affected by the demands of Covid and the staff are burning out. That is not good. If our healthcare professionals are our first line of defense, then we are truly in trouble because we do not really have a second line. Well, there is Ivermectin and Hydroxychloroquine but, for most people, those options are unacceptable. Same for injecting bleach…..
But I must say, I am encouraging of Trump to hold more rallies and hope he continues to advocate for injecting bleach. Preferably in Sturgis, Florida and Texas. Maybe a guest rally in Alberta? Free bleach and Ivermectin!
But solutions aside, what other impacts are we gonna feel over this continuing Covid problem? Well, taxes have to go up. Trudeau and the other so-called leaders have been spending big-time to ease the viral discomfort as they try to keep the ship steady-as-she-goes but that bill is exorbitant and we could not afford that kind of largesse even that one time – twice will be impossible.
Anything else? Well, the effects of Covid (and our response to it) are continually surprising us so more surprises is a logical prediction. The desire to deny science and to favour conspiracy theories and false orange-hued idols is also a trend that is unpredictable. How can that madness manifest more in the future?
Put more succinctly, the Covid Party is not over. In fact, it is just getting started. When it started (early 2020), I predicted the USA would suffer 750,000 deaths. They are not there yet but I fear my prediction was overly optimistic. I also suggested that, surprisingly, Covid might be our TEOTWAWKI (the end of the world as we know it) and that is even more of a possibility now.
What do we do? Well, Sal and I will carry on carrying on. We are just finishing the new shed. See pics next blog. We won’t go to Costa Rica or Thailand this winter. We’ll hold down the fort again and hunker-in-the-bunker. Right now, it does not feel inviting in any way to go anywhere.
Do you think that will change anytime soon?